eToro shares rose sharply in its Nasdaq debut on Wednesday, opening at $69.69—a 34% premium to its $52 IPO price—boosting its market capitalization to $5.6 billion. Shares remained up over 30% in early trading. The Israel-based brokerage sold nearly 6 million shares at $52 apiece, above its projected $46–$50 range, while existing investors offloaded…
LONDON: Apester Limited, a majority-owned subsidiary of Sivota in Israel, has announced its decision to file for bankruptcy. The company’s board cited a sharp decline in trading performance as the primary reason behind this move. Legal advice prompted the decision, and a bankruptcy hearing is scheduled later this month in Tel Aviv. Sivota, the…